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Dollar near seven-year highs against yen NEW YORK: The US dollar was near a seven-year high against the yen on Thursday as investors bet that the Federal Reserve was on course to begin raising interest rates next year while the Japanese central bank will maintain highly stimulative policies to boost growth in the country.The dollar rose as high as 118.96 yen in overnight trading, the highest level since August 2007, and last traded at 118.04 yen.The greenback also posted brief gains on data that showed that the core Consumer Price Index, which strips out food and energy prices, rose 0.2 percent last month, following a 0.1 percent increase in September."At a time when everyone is fretting about disinflation risk, and the Fed suggested they were getting a bit worried about it in their minutes yesterday, to get a 0.2 percent on the core is reassuring," said Richard Franulovich, a senior currency strategist at Westpac Securities in ...

Wholesale sales data helps push C$ higher TORONTO: The Canadian dollar rose moderately against the US dollar on Thursday as stronger than expected September wholesale sales numbers in Canada added to expectations that gross domestic product figures for that month will be robust.Wholesale sales jumped 1.8 percent in September to a record C$54.03 billion, the latest economic data signaling stronger Canadian economic growth. Economists had forecast a rise of 0.8 percent."Wholesale was solid. It looks like September GDP is going to be ...
C$ weakens after Keystone; US Fed minutes in focus TORONTO: The Canadian dollar weakened against the US dollar on Wednesday, driven by overnight flows out of Asia and after the US Senate voted down a bill that would force the approval of the Keystone XL oil pipeline.The US dollar touched a seven-year high against the yen ahead of the Federal Reserve's October meeting minutes, due later on Wednesday, which may shed more light on the divergence in monetary policy between the US central bank ...
Dollar at seven year high against yen before Fed minutes NEW YORK: The dollar hit a seven-year high against the yen on Wednesday ahead of Federal Reserve meeting minutes that could shed more light on the divergence in monetary policy between the U.S. central bank and its major global peers.The yen also weakened to a six-year trough against the euro, after Japanese Prime Minister Shinzo Abe postponed a sales tax hike in a move seen as supportive for stock markets but negative for the currency.The ...
Euro gains on sentiment data, yen steady NEW YORK: The US dollar weakened against the euro on Tuesday on a better than expected survey of German sentiment and was steady against the Japanese yen after Japanese Prime Minister Shinzo Abe said he would call an early election to seek a fresh mandate for his economic policies.German analyst and investor sentiment rose in November for the first time in almost a year, surpassing expectations and raising hopes of an improvement in Europe's biggest ...
C$ flat in quiet trading, focus on Fed minutes TORONTO: The Canadian dollar was steady against the greenback in quiet trading on Tuesday as investors held off making bets ahead of Wednesday's release of minutes from the latest US Federal Reserve policy meeting and with no major domestic economic data on tap until week's end.A key US Senate vote on Tuesday on approving the Keystone XL oil pipeline project could move the commodities-linked Canadian dollar, but any impact was not expected to be lasting. ...
Yen steadies against dollar after GDP shock NEW YORK: The Japanese yen steadied against the U.S. dollar on Monday, coming off seven-year lows after Japan's economy unexpectedly slipped into recession in the third quarter.Japan's economic shock sets the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election two years before he has to go to the polls.Uncertainty around these events is likely to keep the Japanese currency volatile, though the yen may gain ...

 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln